DSE key index plunges below 5,000-mark again

3:19 pm January 16, 2012| Last Modified: 3:19 pm January 16, 2012

Dhaka, Bangladesh (BBN) – Dhaka stocks witnessed sharp decline amid street protest and fell for the third consecutive session on Monday and key index came down to bellow the 5,000-mark as investors sell shares out of panic.

The market opened with a sharp decline and DGEN plunged 125 points within five minutes. The downtrend continued throughout the session amid moderate fluctuation and finally ended more than 167 points lower.

The benchmark general index of the Dhaka Stock Exchange, generally known as DGEN, the main gauge of the market slipped 167.68 points or 3.33 per cent to close at 4,864.30.

Market insiders said that the market sentiment was already in negative mood for the last few sessions following the news of worsening economic situation, upcoming monetary policy and ongoing liquidity shortage.

Moreover, the National Board of Revenue (NBR) further clarification regarding investing undisclosed money in the stock market intensified the fear among the investors, they said.